Powerfleet, Inc.(US:AIOT)2025-11-10 13:30Q2 FY26 Performance Highlights - Total revenue increased by 45% year-on-year to $111.7 million[21] - Adjusted EBITDA increased by 71% year-on-year to $24.8 million[21] - Sequential gross profit increased by 11% to $62.6 million[21] - Sequential product revenue increased by 27% to $22.4 million, with a 640 BPS improvement in gross margin[21] - Service revenue accounted for 80% of total revenue, compared to 74% in the previous year[37] Growth and Bookings Momentum - On-site (In Warehouse) revenue increased by 67% year-on-year[26] - New logo wins increased by 26% sequentially[26] - North America revenue increased by 12% year-on-year[26] - Sequential increase in Global Channel Bookings by 21%[30] Profitability and Efficiency - AEBITDA services gross margin increased year-on-year to 77% from 75%[21] - AEBITDA gross margin increased year-on-year to 68% from 64%[21] - The company is guiding Net Debt to EBITDA to improve from ~3.4 times at year end FY25 to approximately 2.25 times at year end FY26[45]